RBA interest rates: no relief for borrowers as Reserve Bank of Australia leaves official cash rate on hold at 4.35%
by Peter Hannam Economics correspondent from World news | The Guardian on (#6RZS0)
RBA's decision to leave cash rate unchanged comes as underlying inflation remains above bank's target range
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The Reserve Bank of Australia has left its key interest rate unchanged for an eighth meeting in a row as it awaits more evidence inflation will soon return to its preferred target range.
The RBA board ended its two-day meeting on Tuesday by keeping its cash rate at 4.35%, a move widely expected by economists and financial markets.
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